Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.17% |
| 2 | Healthcare | 12.72% |
| 3 | Technology | 12.27% |
| 4 | Industrials | 11.44% |
| 5 | Consumer Discretionary | 11.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Cirrus Logic
CRUS
$5.56B
| $10.3M | 0.01% |
253,974
+131,223
| +107% | +$6.09M |
|
|
LTM
1302
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $10.3M | 0.01% |
670,405
+440,816
| +192% | +$7.02M |
|
1303
MiMedx Group
MDXG
$630M
| $10.3M | 0.01% |
1,480,159
-713,748
| -33% | -$8.31M |
|
1304
Editas Medicine
EDIT
$482M
| $10.3M | 0.01% |
310,109
-112,648
| -27% | -$4.01M |
|
|
BXG
1305
DELISTED
Bluegreen Vacations Corporation Common Stock
BXG
| $10.3M | 0.01% |
485,446
-312,443
| -39% | -$5.99M |
|
|
ACBI
1306
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $10.3M | 0.01% |
566,838
+251,861
| +80% | +$4.45M |
|
1307
United Airlines
UAL
$37.6B
| $10.2M | 0.01% |
147,469
+19,480
| +15% | +$1.35M |
|
|
RAVN
1308
DELISTED
Raven Industries Inc
RAVN
| $10.2M | 0.01% |
290,602
+2,293
| +0.8% | +$81.9K |
|
|
WNS
1309
DELISTED
WNS Holdings
WNS
| $10.2M | 0.01% |
224,258
-395,153
| -64% | -$17.3M |
|
1310
PUT
Steris
STE
$23.1B
| $10.1M | 0.01% |
+108,700
| New | +$9.88M |
|
1311
Broadridge
BR
$21B
| $10.1M | 0.01% |
+92,020
| New | +$9.14M |
|
1312
ADT
ADT
$5.38B
| $10.1M | 0.01% |
+1,270,738
| New | +$13.9M |
|
|
WBS
1313
DELISTED
Webster Financial
WBS
| $10.1M | 0.01% |
181,480
-239,327
| -57% | -$13.5M |
|
|
CS
1314
DELISTED
Credit Suisse Group
CS
| $10M | 0.01% |
598,495
-538,962
| -47% | -$9.88M |
|
1315
Goodyear
GT
$1.73B
| $10M | 0.01% |
376,825
+264,134
| +234% | +$8.17M |
|
|
UMH
1316
UMH Properties
UMH
$1.41B
| $10M | 0.01% |
746,146
-100,557
| -12% | -$1.31M |
|
1317
1st Source
SRCE
$2.07B
| $10M | 0.01% |
197,634
-6,570
| -3% | -$337K |
|
|
CHUY
1318
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $10M | 0.01% |
381,850
-173,096
| -31% | -$4.61M |
|
|
CVA
1319
DELISTED
Covanta Holding Corporation
CVA
| $9.99M | 0.01% |
688,813
+650,789
| +1,712% | +$10.3M |
|
|
FOLD
1320
DELISTED
Amicus Therapeutics
FOLD
| $9.98M | 0.01% |
663,272
-655,301
| -50% | -$9.97M |
|
|
DNKN
1321
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $9.97M | 0.01% |
167,113
-299,710
| -64% | -$18.6M |
|
1322
Seacoast Banking Corp of Florida
SBCF
$3.31B
| $9.96M | 0.01% |
376,154
-995,756
| -73% | -$26.3M |
|
|
FLY
1323
DELISTED
Fly Leasing Limited
FLY
| $9.95M | 0.01% |
747,633
-176,293
| -19% | -$2.29M |
|
1324
Church & Dwight Co
CHD
$24.1B
| $9.93M | 0.01% |
197,190
+146,765
| +291% | +$7.23M |
|
1325
iShares Russell 1000 Value ETF
IWD
$84.1B
| $9.91M | 0.01% |
82,640
+14,866
| +22% | +$1.85M |
|
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Israel Englander's Q1 2018 Portfolio in Review
As of Q1 2018, Israel Englander held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Israel Englander deployed $3.29B of net new capital in Q1 2018, opening 664 new positions and adding to 1,466 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Israel Englander's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Israel Englander added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Israel Englander's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Israel Englander fully exited Equinix in Q1 2018, selling an estimated $152M.
- Israel Englander's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Israel Englander opened 664 new positions and closed 833 in Q1 2018.
- Israel Englander's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.